Tesla’s CEO Elon Musk Rolls out $35,000 Model 3 Sedan

Tesla’s CEO Elon Musk told that Model 3 had half million orders. He sold 30 cars to its own employee buyers. Cars would be tested out by the employees first before rolling out the $35,000 Model 3 Sedan.

Elon show-cased the vehicle in front of Tesla’s factory in California. The cars has several variants.

The base car of Model 3 would have a range of 220 miles/350 km on its standard battery pack. It costs $35,000.

In contrast, the more advance variant of car is priced at $44,000. It has a mileage of 310 miles/500 km on single charge.

Before the gathering of employees in front of factory, Musk admitted it would ‘quite a challenge’ to make during the early days of manufacturing. Musk acknowledged that the coming six months would be production hell.

Buyers pay $1000 refundable deposits for the car which is eligible for tax credits. Moreover, new buyers would not get hand on their car before the end of 2018. If Tesla produces 500,000 cars an year, it would outrun production of major automobile giants such as BMW, Mercedes, or Lexus in the US.

Musk Said:

The whole point of Tesla was to build a great affordable electric car.

He claimed that it would be best among the price range. Previously, Tesla produced luxury electric cars. However, this time it has made an affordable electric car.

Furthermore, if someone charges from Tesla’s high-speed superchargers he would get 130 miles range in half an hour.

Features in Tesla Model 3 Sedan

There are amazing features in Tesla Model 3. It would go from 0-60 mph in just 5.6 seconds. It has a top speed of 130 mph. Model 3 is rear wheel drive. It has full self driving hardware which is used for safety will cost $3000. The cost for activating the auto-pilot system is $5000. The standard car comes in black. However, colors such as metallic blue, silver, pearl and red costs $1000 extra. Model 3 Sedan has front and rear trunks measuring 15 cu ft (425 L) in total. It comes with a sleek dashboard – only a steering wheel and 15-inch touchscreen panel.

One of the most coolest feature of Model 3 Sedan is that it can be unlocked using a smartphone. With Tesla’ app on your phone, you can use this functionality. The app can start or turn off the car. It also comes with NFC-enabled plastic card so the same purpose of locking or unlocking the car.

According to Tesla’s CEO Elon Musk, electric cars would replace fuel powered cars within 10 years. Moreover, he predicted that only smart cars i.e self-driven cars would rule in US.

Elon said:

We aimed for a very simple, clean design, because in the future — really, the future being now — the cars will be increasingly autonomous.

To summarize, Elon sold 30 cars to its own employee buyers. He showed cased the $35,000 Model 3 Sedan outside his factory. Musk aim was to build a great affordable electric car.Within 20 years, there will not be a steering wheel predicted Musk.

Tesla’s share price went up by 54% over the news of ‘launch of Model 3 Sedan’ in January. Tesla now plans to produce affordable cars rather than producing high luxury cars.